We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Learn more. Ethereum has emerged as one of the most vibrant blockchain ecosystems in the digital asset market. The smart contract-enabled layer-1 blockchain enables users to interact with a wide range of decentralized applications (dApps), ranging from decentralized finance (DeFi) protocols and play-to-earn (P2E) games to NFT (non-fungible token) marketplaces and more. To take part in the Ethereum ecosystem and securely store, send, and receive Ether (ETH) and other Ethereum-based crypto assets, you need an Ethereum wallet.Additionally, most of the best Ethereum wallets in the market also allow you to access Ethereum decentralized applications by connecting your wallet to the dApps’ smart contracts. While all leading cryptocurrency wallets provide a high level of security for safekeeping your crypto assets, improper security practices on behalf of the user can lead to a complete loss of funds. Crypto enthusiasts should take care to store the bulk of their assets meant for trading on exchanges using cold storage methods, and never share your wallet’s login details, recovery phrase, or private keys with anyone. Best Ethereum Wallets Best Ethereum Wallets Final Verdict Compare the Best Ethereum Wallets Want to learn more about digital currencies? You're not alone. What Makes a Great Ethereum Wallet? Frequently Asked Questions Methodology Why We Chose It Guarda Wallet has established itself as a highly secure, multi-asset crypto wallet that enables users to securely store, send, and receive Ethereum (ETH) and Ethereum-based tokens. Pros & Cons Pros First-rate security Supports 400,000+ assets across 50+ blockchain networks Enables users to earn, borrow, and swap crypto Fiat on-ramp High-quality customer service Cons High in-app crypto purchase fees Company Overview Guarda Wallet was launched in 2017 by blockchain solutions company Guardarian OÜ.With offices in Tallinn, Estonia and Lisbon, Portugal, the Guarda Wallet team has built one of the leading cryptocurrency software wallets on the market by providing a secure, feature-rich wallet that both beginners and advanced crypto users can utilize. Guarda Wallet is a multi-platform wallet that enables users to access their coins and tokens on mobile (iOS and Android), on a web application, via a desktop application, and using a Chrome browser extension. Additionally, Guarda Wallet is a non-custodial wallet, which means users have complete control over their funds, and the company cannot access user funds. Moreover, there have been no reports of security breaches at Guarda Wallet, thanks to the robust security features that have been put into place to safeguard user funds. In addition to Ethereum (ETH) and Ethereum-based tokens, Guarda Wallet users can store, send, and receive 400,000+ crypto assets across 50+ blockchains. Using the Guarda Chrome extension, users can also interact with Ethereum-based dApps. Guardarian OÜ is licensed in Estonia, enabling it to provide regulated virtual currency services, such as fiat-to-crypto purchases and prepaid card-related services. Guarda Wallet is an excellent crypto wallet for investors looking to store a wide range of assets in a highly secure software wallet. Read the Full Guarda Wallet Review Why We Chose It Exodus Wallet is a beginner-friendly, multi-asset cryptocurrency wallet that enables investors to securely manage Ethereum (ETH) and a range of Ethereum-based tokens, including NFTs, in one place. Pros & Cons Pros User-friendly interface Supports a wide range of Ethereum-based tokens Enables users to earn staking rewards Fiat-to-crypto on-ramp In-app asset swapping Cons Not an open-source wallet Company Overview Exodus Wallet was launched in 2015 to enable crypto investors to securely store and manage their crypto investments. In addition to supporting 290+ digital currencies and tokens, the Nebraska-based company also enables users to manage their Ethereum-based NFTs as well as NFTs on Solana and a handful of other networks. Exodus users can also earn staking rewards, obtain interest payments by depositing their assets in a DeFi lending protocol, and trade cryptocurrencies on the wallet’s built-in exchange. The popular multi-currency wallet stands out for having an exceptionally user-friendly desktop application that doesn’t overcomplicate an already complex space. The beginner-friendly user experience is also replicated in the Exodus mobile wallet, which makes managing your crypto on-the-go easy and accessible. Exodus is an excellent Ethereum wallet for beginners looking to expand their crypto investments beyond Bitcoin. Read the Full Exodus Wallet Review Why We Chose It MetaMask is one of the most popular Ethereum wallets in the market, with over 30 million users globally utilizing the wallet to manage their Ethereum-based assets and interact with dApps in the Ethereum ecosystem. Pros & Cons Pros Supports all Ethereum tokens Supports NFTs Beginner-friendly interface Access to decentralized applications Cons Doesn’t support Bitcoin Company Overview MetaMask was launched in 2016 by New York-based Ethereum development company Consensys to enable Ethereum users to securely store and manage their Ethereum-based tokens. MetaMask is a non-custodial wallet that supports Ethereum and a wide range of EMV-compatible blockchains, enabling crypto users to explore web3, NFTs, and the DeFi market using one single wallet. Available as a browser extension for Google Chrome browser and as a mobile wallet for iOS and Android, MetaMask has managed to establish itself as one of the go-to wallets for Ethereum users around the world.In addition to the Chrome extension, it supports use in the Chrome browser, Firefox, Brave, Edge, and Opera browsers. MetaMask enables users to buy Ethereum (ETH) and other Ethereum tokens with fiat currency and allows users to swap tokens directly within the app by taking them into decentralized trading pools. MetaMask is an excellent wallet for first-time Ethereum users who want to explore the world of NFTs, DeFi, and dApps using a user-friendly wallet. Read the Full MetaMask Review Why We Chose It Trust Wallet is a popular multi-asset mobile crypto wallet that supports over 4.5 million digital assets across 65+ blockchains. Additionally, Trust Wallet comes with a mobile dApp browser that enables users to explore the Ethereum dApp ecosystem, including DeFi and NFTs, on the go. Pros & Cons Pros Easy-to-use mobile wallet Supports over 4.5 million digital currencies and tokens In-app staking Access decentralized applications on the go Fiat on-ramp and token swapping Cons No desktop wallet Company Overview Trust Wallet was launched in 2017 with the primary purpose of enabling crypto investors to store all their initial coin offerings (ICO) tokens in one wallet. At the time, the vast majority of ICOs were taking place on Ethereum, resulting in Trust Wallet’s initial focus on the leading smart contract network. A year later, Trust Wallet was acquired by Binance, and later started to add support for further blockchains to enable investors to store and use a wide range of digital currencies and tokens on the go. Trust Wallet enables users to buy and swap crypto directly within the app and provides an in-app staking feature that currently allows users to earn staking rewards for 12 cryptocurrencies. Moreover, users can access Ethereum dApps using the mobile dApp browser and manage their Ethereum and Binance Coin (BNB) Smart Chain NFT collections. The non-custodial wallet gives users complete control over their funds as the company doesn’t have access to users’ private keys, ensuring a high level of security and privacy for Trust Wallet users. Trust Wallet is most suitable for crypto users and investors who want to manage all their digital assets in one easily accessible place. Read the Full Trust Wallet Review Why We Chose It MyEtherWallet (MEW) is a popular open-source, client-side Ethereum wallet that stands out for its broad functionalities around the creation, development, and use of smart contracts. Pros & Cons Pros Extensive smart contract functionality Supports all Ethereum tokens Ethereum NFT support In-app asset swapping Cons Somewhat advanced for beginners Company Overview MyEtherWallet was launched in 2015 to provide Ethereum users with an open-source, client-side interface that enables them to interact with the Ethereum ecosystem. In the early years of Ethereum, Los Angeles-based MyEtherWallet managed to become the go-to Ethereum wallet, especially for ICO investors looking to store multiple ERC-20 tokens in one wallet. Today, MEW allows users to deploy smart contracts, trade Ethereum-based assets, stake Ethereum (ETH), manage their NFT collection, and store all their Ethereum tokens in one place. Additionally, MEW also supports a selection of EVM-compatible blockchains. An EVM-compatible blockchain allows developers to create smart contracts that are compatible with the Ethereum Virtual Machine (EVM) to facilitate blockchain interoperability by enabling dApps to be easily deployed on other blockchains as well. Moreover, crypto assets stored on EVM-compatible blockchains can typically be transfers to other EVM chains via cross-chain bridges. Leading examples of EVM-compatible chains include BNB Smart Chain and Polygon. MyEtherWallet is ideal for more advanced users who are fully immersed in the Ethereum ecosystem. Read the Full MyEtherWallet Review Choosing the best Ethereum wallet for you depends on your needs as an Ethereum user or investor. If you want to actively interact with Ethereum-powered decentralized applications online, you probably want to go with the MetaMask or Guarda browser extensions. Conversely, if you prefer to access dApps, DeFi applications, and NFT marketplaces on the go, Trust Wallet is probably the better option. On the other hand, if you are actively managing your crypto portfolio and want to invest in the top Ethereum-based tokens, Exodus Wallet, with its built-in exchange, could be the right option for you. Finally, if you are looking for a more advanced wallet that enables you to deploy Ethereum smart contracts, MyEtherWallet is your best choice. Most adults have a beginner's understanding of cryptocurrency, but plan on using such assets as a key source of retirement funds, according to the 2022 Investopedia Financial Literacy Survey. An excellent Ethereum wallet should provide a high level of security, be user-friendly, and allow users to interact with the entire Ethereum ecosystem. To be more specific, an Ethereum wallet should be non-custodial, enabling you to hold your own private keys to give you complete control over your funds. Moreover, despite the technical knowledge that is required to buy, store, and use cryptocurrency, a wallet should make the process as simple and beginner-friendly as possible. Additionally, an Ethereum wallet should allow you to store all types of Ethereum-based tokens, including ERC-20 tokens, like Ether (ETH), and NFTs. And finally, it should provide you with the ability to interact with decentralized applications (dApps), such as DeFi protocols and play-to-earn (P2E) games, within the Ethereum ecosystem. Ethereum is a distributed peer-to-peer computing platform that enables developers to build smart contract-powered decentralized products and services. Founded in 2013 and launched during an initial coin offering (ICO) in 2015, Ethereum has established itself as the second-largest crypto network after Bitcoin, and the leading smart contract-enabled layer-1 blockchain. In September 2022, Ethereum changed its consensus protocol from proof-of-work (PoW) to proof-of-stake (PoS), alleviating the ability for miners to take part in the Ethereum network. Instead, validators now stake a share of their ETH tokens by depositing them into a validator program to help secure the network and validate transactions. Ethereum users have the ability to stake ETH tokens to take part in the protocol’s consensus mechanism in exchange for staking rewards paid in ETH. To start staking Ether, you will need a minimum of 32 ETH. However, there are also liquidity staking providers that enable you to take part in Ethereum staking with less than the required minimum to become a full validator. You can buy Ether (ETH) on a wide range of crypto exchanges using different payment methods, including wire transfer, debit card, and credit card. One of the most important things to consider before you transact in and store Ethereum is that you have a suitable Ethereum wallet in place. To help determine the wallet that works best for you, we conducted a comprehensive review process of the top Ethereum software wallets. With your digital holdings at stake, the most crucial consideration is the reputation and security of the wallet you choose. Our top Ethereum wallets were selected after we reviewed 24 companies based on their security, reputation, features, fees, and customer service. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Guarda. "About Us." Guarda. "More Than 400K+ Assets Supported." Exodus. "Cryptocurrency Coins Status & Assets." MetaMask. "A Crypto Wallet & Gateway to Blockchain Apps." Crunchbase. "MetaMask." Trust Wallet. "More Than 4.5M+ Assets Supported." Trust Wallet. "Trust Wallet’s Founder Viktor Radchenko on His Motivation and Philosophy." Trust Wallet. "What Is Staking Coins?" Crunchbase. "MyEtherWallet." Plus500. "The History of Ethereum." TechCrunch. "Ethereum Switches to Proof-of-Stake Consensus After Completing the Merge." Ethereum. "Earn Rewards While Securing Ethereum."Best Ethereum Wallets of 2023
Best for Security : Guarda Wallet
Best for Beginners : Exodus
Best for Convenience : MetaMask
Best for a Wide Variety of Assets : Trust Wallet
Best for Smart Contracts : Myetherwallet (MEW)
Final Verdict
Compare the Best Ethereum Wallets
Asset Type Number of Currencies Supported NFT Support Incorporated Exchange dApp Support Compatible Hardware Guarda Wallet Best for Security 400,000+ Yes Yes Yes Yes Exodus Wallet Best for Beginners 290+ Yes Yes Yes Yes MetaMask Best for Convenience ETH and all ETH based cryptocurrencies and tokens Yes Yes Yes Yes Trust Wallet Best for Wide Variety 4,500,000+ Yes Yes Yes No Myetherwallet Best for Smart Contracts ETH and all ERC-20 tokens plus additional cryptocurrencies and blockchains via an extension Yes Yes Yes Yes Want to learn more about digital currencies? You're not alone.
What Makes a Great Ethereum Wallet?
Frequently Asked Questions
What Is Ethereum?
How Is Ethereum Mined?
What Is Ethereum Staking?
How Can Someone Buy Ethereum?
Methodology
I am a seasoned cryptocurrency enthusiast and expert with a deep understanding of blockchain ecosystems, decentralized applications (dApps), and various digital assets. My expertise extends to Ethereum, one of the most dynamic blockchain platforms in the digital asset market.
Now, let's delve into the concepts covered in the provided article:
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Ethereum and its Ecosystem:
- Ethereum is highlighted as a vibrant blockchain ecosystem that supports smart contracts.
- Users can engage in decentralized applications (dApps) within various domains, including decentralized finance (DeFi), play-to-earn (P2E) games, and non-fungible token (NFT) marketplaces.
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Importance of Ethereum Wallets:
- The article emphasizes the necessity of Ethereum wallets for securely storing, sending, and receiving Ether (ETH) and other Ethereum-based crypto assets.
- Ethereum wallets also enable users to interact with dApps by connecting to the smart contracts of these applications.
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Best Ethereum Wallets of 2023:
- The article provides a list of recommended Ethereum wallets for different purposes, such as security, beginners, convenience, a wide variety of assets, and smart contracts. The wallets mentioned are Guarda Wallet, Exodus, MetaMask, Trust Wallet, and Myetherwallet (MEW).
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Wallet Categories and Characteristics:
- The wallet categories include security-focused, beginner-friendly, convenient, versatile (supporting a wide variety of assets), and tailored for smart contracts.
- Each wallet is briefly described, mentioning key features, pros, and cons.
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Security Practices:
- The article stresses the importance of proper security practices for cryptocurrency users to avoid a complete loss of funds.
- It advises users to store the majority of assets meant for trading on exchanges using cold storage methods and never share login details, recovery phrases, or private keys.
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Wallet Reviews:
- Detailed reviews are provided for each recommended wallet, covering aspects such as security, supported assets, user interface, functionality, and company overview.
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Ethereum Staking and Proof-of-Stake (PoS):
- Ethereum's shift from proof-of-work (PoW) to proof-of-stake (PoS) is mentioned, where validators stake ETH tokens to secure the network and validate transactions.
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Buying Ethereum (ETH):
- The article briefly explains how someone can buy Ethereum, mentioning various payment methods such as wire transfer, debit card, and credit card.
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Methodology and Sources:
- The article outlines the methodology used for evaluating Ethereum wallets, considering factors like security, reputation, features, fees, and customer service.
- Primary sources, including information from wallet providers, were used to support the content.
In conclusion, the article serves as a comprehensive guide for individuals seeking information on Ethereum wallets, catering to different user preferences and needs within the Ethereum ecosystem.